Is Temple City, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Temple City has remained a Seller's Market.
Housing Prices in Temple City, CA
How much do homes in Temple City, CA cost?
Median Sold Price
$1,084,000
$679/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Temple City was $1,084,000 in May 2024, up 10.9% from last year, and the median price per square foot was $679.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $843.9K | $830K | -1.7% |
3 Bedrooms | $908.5K | $1.0M | +16.2% |
4 Bedrooms | $1.1M | $1.2M | +5.0% |
5+ Bedrooms | $1.8M | $2.1M | +13.5% |
Summary: Temple City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 13.5%.
Median Sold Price Compared To Nearby Cities
Temple City | $977.5K | $1.0M | +10.9% |
El Monte | $665K | $725K | +9.0% |
Southwest San Gabriel Valley | $808.5K | $866.6K | +7.2% |
Upper San Gabriel Valley | $934.8K | $990.6K | +6.0% |
Arcadia | $1.4M | $1.3M | -3.2% |
Housing Supply in Temple City, CA
How many homes are available in Temple City, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
52 | 47 | -9.6% |
Summary: The Temple City real estate market had 47 homes for sale in May 2024, a 9.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 19 | 13 | -31.6% |
4 Bedrooms | 20 | 19 | -5.0% |
5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Temple City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 31.6%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 10 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Temple City in May 2024, down by 33.3% month-over-month. Of the 10 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Temple City, CA
How long does it take to sell a home in Temple City, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 23 Days | -32.8% |
Summary: Homes in Temple City had an average of 23 days on market in May 2024, down by 32.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Temple City; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.